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Windsor Company, a computer services company, entered into these transactions during May 2022 , its first month of operations. 1. Stockholders invested $52,000 in the
Windsor Company, a computer services company, entered into these transactions during May 2022 , its first month of operations. 1. Stockholders invested $52,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use (recorded as Equipment) for $39,000 from Ladd Co. on account. 3. Paid $5,200 cash for May rent on storage space. 4. Performed computer services worth $24,700 on account. 5. Performed computer services for Wharton Construction Company for $6,500 cash. 6. Paid Western States Power Co. $10,400 cash for energy usage in May. 7. Paid Ladd Co. for the computers purchased in (2). 8. Incurred advertising expense for May of $1,690 on account. 9. Received $15,600 cash from customers for contracts billed in (4)
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